Source This episode explores the emergence of Digital Credit as a modern evolution of ancient asset-backed finance, positioning it as a solution to the current systemic crisis of unsecured fiat debt. By tracing the lineage of credit from the Indian Hundi system to today's unhinged debt markets, the text argues that financial instruments must return to being anchored by hard, immutable assets like Bitcoin rather than sovereign promises. The centerpiece of this analysis is Strategy Inc.’s STRC preferred stock, a sophisticated instrument that utilizes a variable dividend mechanism to strip away Bitcoin's volatility while providing a stable yield. Ultimately, the source highlights how this model creates "Real Credit" through a combination of massive digital collateral, a multi-billion dollar cash war chest, and significant tax advantages categorized as a Return of Capital.#DigitalCredit #MichaelSaylor #Bitcoin #STRC #StrategyInc #HighYield #PassiveIncome #Hundi #FinancialHistory #RealCredit #DebtCrisis #MSTR #CryptoFinance #AssetBacked #ReturnOfCapital #2026Economy• #DigitalCredit – The core subject of the report, representing the new paradigm of asset-backed finance.• #Bitcoin – The "Digital Capital" anchoring Strategy Inc.'s instruments.• #MichaelSaylor – The Executive Chairman and pioneer behind the Digital Credit thesis.• #StrategyInc – The company (formerly MicroStrategy) issuing these new financial instruments.• #MSTR – The stock ticker associated with the common stock that absorbs the volatility for the credit instrument.• #STRC – The specific ticker for the Variable Rate Series A Perpetual "Stretch" Preferred Stock discussed in the report.• #HighYield – Promoting the ~11% nominal and ~20% real yield offered by the instrument.• #PreferredStock – The structure of the financial instrument used to strip volatility.• #PassiveIncome – Relevant because the instrument pays a monthly dividend.• #ReturnOfCapital – The specific tax classification that renders the yield tax-deferred.#Hundi – The ancient Indian system of "Real Credit" that serves as the historical model for this financial innovation.• #FinancialHistory – Covers the report's deep dive into the evolution from the Hundi system to the 1704 Promissory Notes Act.• #RealCredit – The philosophical concept of credit backed by hard assets (Gold or Bitcoin) rather than unsecured promises.• #GoldStandard – Relevant for the comparison between the gold-backed Hundi and Bitcoin-backed Digital Credit.• #DebtCrisis – Targeting the "unhinged debt market" and the $150 trillion global debt burden mentioned in the report.• #FiatCollapse – Reflects the report's analysis of the "bad credit" of the fiat era and the systemic fragility expected in 2026.• #InflationHedge – Relevant to the strategy of re-pegging credit to a hard asset to avoid debasement.• #EconomicOutlook2026 – Targeting the specific "maturity wall" and systemic risks projected for 2026.